euro adhoc: Sunways AG / other / Sunways AG enters polysilicon production business

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Contracts

27.11.2007

Sunways AG (Macairestraße 3 - 5, D-78467 Konstanz, ISIN DE0007332207,
ISIN DE000A0BNPN0) will acquire a turnkey unit for the production of
polysilicon from Schmid Silicon Technology, an enterprise of the
Schmid group of companies, Freudenstadt/Germany, and contribute the
same to a separate company. The production unit is based on the
monosilane process, will have an annual production capacity of 1,000
metric tons and be located at the industrial site "Schwarze Pumpe" in
the Free State of Saxony, Germany.

Sunways expects to start producing silicon at this unit as of the
year-end 2009. As from 2010, the full annual capacity of 1,000 metric
tons is expected to be available. This silicon volume is sufficient
for the production of wafers for solar cells with a total capacity of
100 megawatts. The cost of this production process is expected to be
below the previously known expense level in the polysilicon
production segment.

The trichlorsilane required for the production process will by
provided by an industrial partner with some experience in the
production of this source material. No further details of the
contract are disclosed at this point. The acquisition of the
production line is part of the long-term and economically
advantageous raw materials supply policy of Sunways AG.

Based on the monosilane process, Schmid, a producer of modular units
for the production of solar cells, plans to establish a technology
center for the development of processes and equipment for silicon
production in the Free State of Saxony, Germany, at the industrial
site "Schwarze Pumpe". As a general contractor for several
international photovoltaics companies, Schmid will realize several
modular silicon production plants in each case with an annual
capacity of about 1,000 metric tons of silicon (monosilane process)
at this location to be supplied with the necessary primary products
(TCS, gases, energy) by an operating company on a centralized basis.

end of announcement euro adhoc 27.11.2007 17:16:59
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ots Originaltext: Sunways AG
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:
Astrid Forst
Tel.: +49 (0)7531 99677 480
E-Mail: ir@sunways.de

Branche: Alternative energy
ISIN: DE0007332207
WKN: 733220
Index: CDAX, Prime All Share, Technologie All Share
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